Bitcoin Price Below $64K as Sellers Retain Control Amid Rising Exchange Reserves

The price of Bitcoin remains below $64,000 as sellers continue to hold short-term control. Exchange reserves have moved above their long-term average, raising concerns about potential selling pressure.

Crypto analyst That Martini Guy notes that the market has produced lower highs and lower lows since rejecting a recovery attempt around $65,000 on August 11. He identifies $63,000 as an immediate support level and $64,000 as overhead resistance.

Market analyst CrypNuevo focuses on liquidity rather than trend direction, identifying a downside cluster extending towards approximately $61,600 beneath the local double bottom. This setup leaves liquidity resting on both sides of the current range.